Today we are bouncing up from the pennant's upper and the 10 .
The only thing now makes me nervous that crossed down again.
I wouldn't open a new long position here, but I'm holding my long position.
I'm still waiting for at least to tag the 1308 - the 2015. January intermediate high.
For a serious decline we have to break below the 10 on the .
I think it was a dip today but late bulls are buying it, so we will make a higher high before next week's FED meeting.
It's important to watch the dollar. Tomorrow ECB decision !
If the ECB disappoints the market and the Euro starts to raise : the falling dollar could help gold to make the higher high at 1308.